Fall of 4.4% since peak in 2022 bucks broader trend, PropTrack finds, with national real estate prices 6.3% higher than a year ago
, with property prices falling in the Victorian capital for the fourth month in a row while prices in Adelaide continue to climb.
Prices in Adelaide have risen by 14.81% over the year and 0.58% in July, with the median value of a dwelling in the South Australian capital currently sitting at $770,000. The median value of a Melbourne dwelling was $803,000 in July. Despite the slow decline in the last quarter and more, it was still 15.8% above March 2020.
Nationally, PropTrack reported home prices were 6.3% higher than they were this time last year, and overall increased 0.08% in July.
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